abrdn (LON:ABDN) Price Target Raised to GBX 190

Key Points

• Jefferies Financial Group raised the price target for abrdn (LON:ABDN) from GBX 180 to GBX 190, while maintaining a "hold" rating on the stock.
• UBS Group and Deutsche Bank have differing views, with UBS maintaining a "sell" rating and a target of GBX 175, while Deutsche Bank upgraded their target from GBX 240 to GBX 245 with a "buy" rating.
• abrdn's average target price from analysts is GBX 204.67, with a mix of ratings: two Buy, three Hold, and one Sell.

abrdn (LON:ABDN - Get Free Report) had its price objective hoisted by investment analysts at Jefferies Financial Group from GBX 180 to GBX 190 in a research note issued on Monday,Digital Look reports. The firm currently has a "hold" rating on the stock. Jefferies Financial Group's target price points to a potential downside of 5.28% from the stock's current price.

ABDN has been the subject of several other reports. UBS Group reaffirmed a "sell" rating and issued a GBX 175 target price on shares of abrdn in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of abrdn from GBX 240 to GBX 245 and gave the stock a "buy" rating in a research report on Friday, October 3rd. Royal Bank Of Canada raised shares of abrdn to a "sector perform" rating and lifted their price target for the stock from GBX 140 to GBX 195 in a report on Wednesday, August 20th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of abrdn in a research report on Tuesday, July 29th. Finally, Citigroup upped their price target on abrdn from GBX 200 to GBX 205 and gave the company a "hold" rating in a research report on Thursday, October 2nd. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, abrdn currently has an average rating of "Hold" and an average target price of GBX 204.67.

abrdn Stock Performance

LON ABDN opened at GBX 200.60 on Monday. The company has a current ratio of 225.80, a quick ratio of 24.97 and a debt-to-equity ratio of 12.25. The company has a fifty day simple moving average of GBX 195.66 and a 200 day simple moving average of GBX 181.05. abrdn has a 12-month low of GBX 120.80 and a 12-month high of GBX 211.40. The company has a market cap of £3.59 billion, a P/E ratio of 11.53, a PEG ratio of 12.70 and a beta of 1.25.

abrdn (LON:ABDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported GBX 7.60 earnings per share (EPS) for the quarter. abrdn had a return on equity of 6.46% and a net margin of 21.19%. Sell-side analysts predict that abrdn will post 15.2266152 earnings per share for the current fiscal year.

About abrdn

Aberdeen is a Wealth & Investments group that connects investors to the expertise, tools, and solutions they need to grow and manage their wealth with confidence. We are structured around three businesses – interactive investor, Adviser and Investments. As a diversified group, we have positioned ourselves for growth in a changing investment landscape.

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